World News – CA – Sylvain Gaudreault Concerned about the takeover of DERYtelecom by Cogeco


Reacting to the announcement of the transaction made on Wednesday morning, Mr. Gaudreault affirms that DERYtelecom is a gem built over the years by business people from the region, adding that socioeconomic stakeholders are entitled to wonder about the future « With this control price, what guarantee will we have to keep the decision-making center and the jobs here in the region? » « , He asks himself

The fact that Cogeco has announced a optimization prospect of $ 3M following the transaction does not bode well in terms of job preservation, he said

He recalls that Cogeco is being made the soft eyes by large companies like Rogers who wanted to get their hands on this company The people of the region must remember, according to him, the price of control of Alcan by Rio Tinto having required the departure of the decision-making center towards Europe and Australia

He adds that since the closure of the Usine Port-Alfred, La Baie has been looking for economic diversification and that a company like DERYtelecom is able to integrate part of this challenge while Saguenay is trying to attract companies in the digital sector, in computers, video games, etc.

Mr. Gaudreault reiterates the need to create an economic watchdog whose mission is to monitor activities likely to have an impact on jobs in Saguenay

In the absence of this price of control of DERYtelecom by Cogeco, the mayoress of Saguenay, Josée Néron, and the president of Promotion Saguenay, Michel Potvin, wish that many jobs are in Saguenay, in particular in La Baie The two elected officials are even open to expansion discussions from Cogeco in Saguenay

Ms. Néron and Ms. Potvin learned the news Wednesday morning that Cogeco is offering more than $ 400 million to acquire the telecommunications company, headquartered in La Baie

« We were surprised by the announcement, but we intend to collaborate with the new owner We want Cogeco to keep the jobs with us DERYtelecom, a La Baie company with more than 450 employees, is distributed in 200 municipalities in Quebec and has more than 100,000 customers It is a flagship of Saguenay ”, commented Mayor Néron in a press release, after hearing the news

President of Promotion Saguenay, Michel Potvin agrees and adds that Saguenay is open to discussions with Cogeco executives when the transaction is concluded

« We are ready to welcome and work with them. If ever expansion projects are in the plans, as was the case with DERYtelecom, we are open to look at all possibilities with the company so that they can be realized in our territory, ”added M Potvin

The management of Promotion Saguenay also extends a hand to the future owner of DERYtelecom, in order to discuss the future of the company, especially the head office located in the heart of the La Baie borough for several years

Reacting in a preliminary way to the announcement of the transaction, Patrick Bérubé, director of Promotion Saguenay, recalls that it is a major employer in Saguenay and in several rural regions of Quebec. « We would like to be able to meet the management of Cogeco, in order to analyze the possibility that the company could further expand its activities here in Saguenay. We are able to offer plenty of possibilities here ”, comments Mr. Bérubé

The latter recalls that DERYtelecom is established in several rural areas and that there is a will of higher governments to move forward in order to urge the establishment of high speed Internet services in the regions and in rural areas. According to him, this transaction should not be viewed negatively since there are several major companies operating nationwide from the region

DERYtelecom is present with cable, telephone and Internet services in the regions of Bas-Saint-Laurent, Charlevoix, Îles-de-la-Madeleine, Lanaudière, Laurentides, Mauricie, Montérégie, Outaouais, Portneuf and Saguenay-Lac -Saint-Jean

Cogeco, Dery Telecom, Enterprise, Altice USA

News from around the world – CA – Sylvain Gaudreault worried about the takeover of DERYtelecom by Cogeco


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